Barclays economists Jack Meaning and Abbas Khan point out that the soft trend of the UK economy's failure to expand in July may draw the attention of the Bank of England policymakers, which could reinforce confidence that their decision to initiate an easing cycle in August was correct, and further rate cuts may be needed in the coming months. However, economists stated in a report that the flat economic growth in July is not enough to force the Bank of England to cut interest rates by 25 basis points at this month's meeting. They added that the economic growth in the third quarter of 2024 may still remain positive, but slower than the high levels in the first half of this year. Barclays' quarterly forecast for the UK economy in the third quarter is 0.4%, the same as the Bank of England's forecast.
巴克莱:尽管经济增长疲软,但英国央行不会被迫在9月份降息
Barclays: Despite weak economic growth, the Bank of England will not be compelled to cut interest rates in September.
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